Tencent invests up to $150m in Indonesia's Go-Jek amid SE Asia push

Photo: Go-Jek website

Tencent Holdings Ltd has invested around $100 million to $150 million in Indonesian ride-hailing startup Go-Jek, sources said, in another sign the Chinese tech giant was looking to tap into growth in Southeast Asia’s mobile-based services.

Go-Jek, which already counts global private equity firms KKR & Co LP, Warburg Pincus LLC and venture capital player Sequoia Capital as investors, is seeking to raise more capital from existing and new investors, the sources said.

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